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Price Support
Wool Marketing Assistance Loan and Loan Deficiency Payment Program

 
Overview
______________________________________________

 
The Food, Conservation and Energy Act of 2008 provides 2008-2012 crop year marketing assistance loans and loan deficiency payments (LDPs) for wool to eligible producers who produce and shear wool from live sheep and goats. The LDP program is also available to eligible producers of nongraded wool in the form of unshorn pelts for the 2008-2012 crop years.

 
The wool nonrecourse marketing assistance loan and LDP program provides eligible producers with two forms of Federal assistance. Eligible producers can either:

 
1. request a nine-month marketing assistance loan; or
2. agree to forgo the loan and request an LDP.

 
The program helps stabilize America's wool industry and ensures the well-being of agriculture in the United States. Nonrecourse marketing assistance loans are administered by USDA's Farm Service Agency (FSA) on behalf of the Commodity Credit Corporation (CCC).

 
The Fact Sheet provides details on the following:

 
  • Wool Nonrecourse Marketing Assistance Loans
  • Loan Deficiency Payments
  • Eligibility
  • Beneficial Interest
  • Payment Limitation
  • Final Loan Availability Date
  • Core Tests
  • Repayment Rates and Posted Prices

 

 
Loan and LDP Rates
_____________________________________________________

 
The following are the national loan rates for the 2008-2012 crop years for wool (grease basis):

 
Commodity
Loan Rate
Graded Wool
$1.00 per pound
Ungraded Wool
$0.40 per pound

 
All counties in the states listed in the following table shall use loan rates applicable to Region 1 for graded and nongraded wool.

 
STATES
Alabama
Georgia
Maine
Missouri
Ohio
Arkansas
Illinois
Maryland
New Hampshire
Pennsylvania
Connecticut
Indiana
Massachusetts
New Jersey
Rhode Island
Delaware
Kentucky
Michigan
New York
South Carolina
Florida
Louisiana
Mississippi
North Carolina
Tennessee
West Virginia
Vermont
Virginia

 

 
States and applicable counties listed in the following table shall use loan rates applicable to Region 2 for graded and nongraded wool.

 
STATE
COUNTIES
Arizona
Apache, Cochise, Gila, Graham, Greenlee, Navajo
Colorado
All
Iowa
All
Kansas
All
Montana
Big Horn, Carbon, Carter, Custer, Daniels, Dawson, Fallon, Fergus, Gallatin, Garfield, Golden Valley, McCone, Musselshell, Park, Petroleum, Phillips, Powder River, Prairie, Richland, Roosevelt, Rosebud, Sheridan, Stillwater, Sweet Grass, Treasure, Valley, Wheatland, Wibaux, Yellowstone
Minnesota
All
New Mexico
All
North Dakota
All
Nebraska
All
Oklahoma
All
South Dakota
All
Texas
All
Utah
Daggett, Duchesne, Grand, San Juan, Summit, Uintah
Wisconsin
All
Wyoming
All

 
States and applicable counties listed in the following table shall use loan rates applicable to Region 3 for graded and nongraded wool.

 
State
COUNTIES
Arizona
Coconino, LaPaz, Maricopa, Mohave, Santa Cruz, Pima, Pinal, Yavapai, Yuma
California
All
Idaho
All
Montana
Beaverhead, Blaine, Broadwater, Cascade, Chouteau, Deer Lodge, Flathead, Glacier, Granite, Hill, Jefferson, Judith Basin, Lake, Lewis and Clark, Liberty, Lincoln, Madison, Meagher, Mineral, Missoula, Pondera, Powell, Sanders, Toole, Ravalli, Silver Bow, Teton
Nevada
All
Oregon
All
Utah
Beaver, Box Elder, Cache, Carbon, Davis, Emery, Garfield, Iron, Juab, Kane, Millard, Morgan, Piute, Rich, Salt Lake, Sanpete, Sevier, Tooele, Utah, Wasatch, Washington, Wayne, Weber
Washington
All

 

 
Applicable Forms

 

 
When requesting a loan or LDP for wool or an LDP for unshorn pelts, producers must complete either a:

 
  • CCC-709 for field direct LDPs;
  • CCC-633-LDP for basic LDPs;
  • CCC-709-PELT, for field direct unshorn pelt LDPs;
  • CCC-633-PELT, for basic unshorn pelt LDPs.

 
Related Notices

 

 

 


Last Modified: 04/22/11 2:18:45 PM


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